Greenland Capital Management LP Has $6.82 Million Stake in BrightSpire Capital, Inc. $BRSP

Greenland Capital Management LP lifted its holdings in BrightSpire Capital, Inc. (NYSE:BRSP) by 5.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,349,430 shares of the company’s stock after acquiring an additional 64,430 shares during the period. Greenland Capital Management LP owned approximately 1.04% of BrightSpire Capital worth $6,815,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. Nomura Holdings Inc. acquired a new stake in shares of BrightSpire Capital in the 1st quarter valued at about $18,085,000. North Ground Capital increased its holdings in shares of BrightSpire Capital by 89.7% during the first quarter. North Ground Capital now owns 1,461,028 shares of the company’s stock valued at $8,123,000 after acquiring an additional 691,028 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of BrightSpire Capital by 23.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,950,366 shares of the company’s stock worth $10,844,000 after purchasing an additional 368,414 shares during the period. Nuveen LLC acquired a new stake in BrightSpire Capital in the 1st quarter valued at $1,670,000. Finally, Jane Street Group LLC increased its stake in BrightSpire Capital by 257.9% during the 1st quarter. Jane Street Group LLC now owns 286,724 shares of the company’s stock valued at $1,594,000 after purchasing an additional 206,610 shares in the last quarter. Institutional investors and hedge funds own 56.57% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BRSP shares. Jones Trading reiterated a “buy” rating and set a $6.50 price objective on shares of BrightSpire Capital in a report on Wednesday, July 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of BrightSpire Capital in a report on Monday. Finally, Citigroup reaffirmed a “market outperform” rating on shares of BrightSpire Capital in a research report on Thursday, October 30th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $6.79.

BrightSpire Capital Stock Performance

NYSE BRSP opened at $5.40 on Wednesday. The company has a market capitalization of $699.91 million, a PE ratio of -17.98 and a beta of 1.58. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.55 and a current ratio of 0.55. BrightSpire Capital, Inc. has a 52-week low of $4.16 and a 52-week high of $6.45. The company has a 50-day simple moving average of $5.43 and a 200 day simple moving average of $5.34.

BrightSpire Capital (NYSE:BRSP) last released its earnings results on Wednesday, February 24th. The company reported $0.20 earnings per share for the quarter. BrightSpire Capital had a negative net margin of 26.91% and a positive return on equity of 7.51%. The firm had revenue of $37.88 million during the quarter. On average, research analysts predict that BrightSpire Capital, Inc. will post 0.67 EPS for the current year.

BrightSpire Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.64 annualized dividend and a yield of 11.9%. BrightSpire Capital’s dividend payout ratio is -213.33%.

BrightSpire Capital Company Profile

BrightSpire Capital, Inc operates as a commercial real estate (CRE) credit real estate investment trust in the United States and Europe. The company operates through Senior and Mezzanine Loans and Preferred Equity; Net Leased and Other Real Estate; and Corporate and Other segments. It focuses on originating, acquiring, financing, and managing a diversified portfolio of CRE debt investments consisting of first mortgage loans, senior loans, debt securities, mezzanine loans, and preferred equity investments, as well as net leased properties.